MONDAY, AUGUST 12, 1940.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION.
་་
Authorised Capital....... $50,000,000
INDIA, AUSTRALIA-
AND CHINASZ Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853
Reserve Funds: Sterling
Paid-Up Capital....... £8,500,000 Reserve Fund
....£3,000,000 ...£3,000,000
H.K. Currency Reserve $10,000,000 Reserve Liability of Pro-
Hon. Mr. A. L Shield, Sir Vandeleur M. Grayburn,
Chief Manager.
Kangoon Saigon
Francisco
-Peiping Yokohama
Perang
CALCUTTA
AGENCIES: KOER CLITE ÉTAT KUALA FAIL PLACE
CANTON
CAWNPORA CEBU
HAIPHONG
HAMBURG HANKOW
MIRAN NEW YORK PIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOSITe received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
.... 52 3/4
NEW YORK, August 10, 1940.
PAGE 10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND EXCHANGE
CLOSING QUOTATIONS
AUGUST 10, 1940.
On London:-
Telegraphic Transfer. 1/2 7/s Bank Bills, on demand 1/2 7/8 Credits 4 months' sight, 1/3 1/2
On Shanghai:
On demand
On Singapore-
On demand
***... 385
PAYNE & CO.
"
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONGKONG
COMMODITY
MARKET REVIEW
(FROM PAYNE & CO.)
NEW
YORK STOCK EXCHANGE
"Adams Express
QUOTATION (REUTER'S SERVICE) AUGUST 11, 1940...
STOCKS
Last Sale
STOCKS
Reserve Liability of
Last Sale
Aug. 10
Aug. 10
Proprietorsystymas
..$20,000,000
prietors
„£3,000,000
HKAD OFFICE: LONDON:
5+
Lockheed Aircraft
26
Head Omee:-HONG KONG
Alleghany Steel Co.
211
Loew's Inc. ..........
240
Allis Chalmers
331
Loft Incorperated
227
Board of Directora:
Aluminium Ltd, ...............................
66"
Mack Truck Inc.
23
H. V. Wilkinson, Esq.,
Amer. Can
95
Martin, Glen L
31
On Japan:-
On demand.......
ទន
On India-
י.
40 1/3
IS POT......
SEPTEMBER
OCT.-DEC.
4
Telegraphic Transfer. and demand
On New York:---
SINGAPORE RUBBER
SPOT
faster. 82 1/2 OCT/DEC.
Bank Bills, on demand 21 5/9 Credits, 60 days' sight 93. «.
On Batavia :———
On demand.........
On Parks:-
Bank Bills, on demand 1085
Credits 4 months' sight 1180
JAN./MAR.
The market was steady.. LONDON RUBBER
Previous close Today's close
Previous
Close
Buyers
38-7/8
· August 10 Opening Closing Change
Buyers
38-3/4 36-3/4
American Gyanauld B
321
McKesson & Robbins, pfd.
212
Amer. & Foreign Power Amer & Foreign $ pf.
Montgomery Ward
417
14+*
M'tain City, Copper Co.
21*
off 1/8
Amer. Locomotive........
131
National Aviation
10
Chairman. Hon. Mr. J. J. Paterson,
Deputy Chairman., J. K. Bousfold, Esq., A. H: Compton, Esq.,
· 35-1/2--35-3/8
35-3/8
off 1/8
Amer. Metala Co.
141
Nat. Dairy Products
134
Hon. Mr. S. H. Dodwell,
33-1/8 33
33
of 1/8
Amer. Radiator
51
National Distillers ....
G. Miskin, Esq.,
ALOE STAB AMRITSAR
Amer. Rolling Mill
101.
National Lead
E. S. Morrison, Esq.,
ΔΑΣΟΣΟΣ
Amer. 8ting and Ring Co.
354
Nat, Fower & Light......
"T. E. Pearce, Esq., 1
38, Bishopsgate E.C
Sub-Agencles In London: 117/192, Leadenhall Street, E.CS West End Branch;
14/16, Cockspur Street, 8.W 1. Manchester Branch: 32, Mosley Street, Manchester,
AGENCIES AND BRANCHES:
HARBIN
PINANG HONG KONG HANGOON ILOILO
BAIGON
BATAVIA
Amer. Sugar Refining
133
On"Ɛaigon:-
On demand
On Manila:-
On demand
On Bangkok:-
On demand.......
On Sterling Notes:-
JAN./MARCH
94 174
APRIL-JUNE
43 1/4
... 149 1/9
Bank Buying Rate Bar Silver për oz
1/5 23.1/3
buyers 13 12-15/18
12-11/18
CLOSED
12-1/8 11-7/8
buyers
Change
National Supply Corp.
0. C. Roberts, Esq.,
BOMBAY
51
Amer. Tel, & Tel.
162
New York Cential .....
ПРОД XARAOH) ILANG
BEREMBAN
BRANGEAR.
BINGAPORI
12
Amer. Tobacco "B"
751
SITIAWAN
Niagara Hudson Power
41**
SOURAHAYA
Amer. Waterworks
9
N. American Aviation .....
16
LUMPUR:
Anaconda Copper
TAIPING
20
North American Co.
14ཐཱ་
Atchison, T. & S. Fe.
Branches:
KUCHING'
TIENTSIN
16
Northern Pacifc
61
MADRAN
TONGKAH
Aviation Corp.
42
Owens-Illinois Glass Co.....
53
Amoy
Johore
Chicago Wheat, Sept.
The market was closed. NEW YORK COTTON:
The market reflects the continuation
of poor exports and increased hedge-selling. The Government loan
is not yet a market factor, although, it would ultimately tighten the "Spot" situation
NEW YORK RUBBER:
Market closed.
CHICAGO WHEAT; Scattered commission house selling at the opening caused a decline. The volume of business was small and
MARKET REPORT prices railed on the absence of selling pressure.
FROM ROZA BROS... The price for Ready Silver" "Was | unchanged at 23.1/2 but the For- ward rate dropped 3/16 to 22.5/8. Suver advices reported a quiet market with small business
B
done. American Silver was quoted
at 34.3/4 for Spot.
NEW· YORK STOCKS: Previous close, 126.40; Today's close, 126.99: Change, up 59.
NEW YORK COMMODITY MARKET
(REUTER'S SERVICE) ·
The London/New York cross-New York Catton. Oct. rate was quoted at 402.1/2, New New York Rubber, Sept. York/London was quoted at 398.
Prev. Today's.
High Low Close Close Change 9.36 9.23 9.36 9.30 .06 of
Bendix Aviation
Bilss & Co.
Baldwin Lecometive
154
Pacific Gas & Elec
291
Bangkok
Kobe
COLOMBO DELHI
MANILA
(Bhuket)
TSINGTAO
Batavia
Baltimore & Ohio...
Kowloon
Sen
31
Packard Motors
Barber Asphalt Co.
·97.
Bombay Kuala
YOKOHAMA
Pan-American Airways
131
Caloutta
Lumpur Shanghai
Barnsdall Cu
83
Paramount Pictures
51
Canton
London
Singapore
.301
Pennsylvania RR.
·20
Chefoo
Lyons
Sourabaya
Bethlehem Steel
781
Philadelphia Read, Coa
Colombo
Malacca
134
Phillips Petroleum
33"
Dairen Manila
Sungei
Patani
Boeing Airplane Co
141
Public Bervice of N.J.
364
Foochow
Muar.
Swatow
Borg-Warner ......
17
Pullman Inc..
Haiphong
(Johore) Tientsin
191
Briggs Mfg.
201
Bankow
Mukden Tokyo
Pure 0...
7)
Harbin
Budd M'facturing Corp.
32
New York Tsingtao
Radio Gorpn. of Am. .....
43
[loilo
Canadian Pacific R'way ...
3
Reading Company,
Coin
12
Ipoh
Case, JL
,524
Remington Arms Co., Inc.
5.
Celanese
291
Republie Aviation Corp. ...
-41
Chesapeake & Ohio
38.
Republic Steel
17!
Chrysler Corpn.
741
Revere Corp.
8**
Columbia Gas & Elec.
53
Reynold Tobac ·"B"
334
Commercial Credit Co.
314
Safeway Stores
44
Com, & Southern (@rd.)
11
Schenley Distillers
10
Consolidated Edison
281
Sears Roebuck
773
74
MARKET
Quiet,
STERLING
Chicago Corn, "Sept. New York Hides. Sept.
73 BI) BO
19.32 closed
74 ·737 } 614 01 1 off 8.83N closed
Consolidated Oil
B
Shell Union Of
DA
Continental Cam
39+
Socony-Varunum Of
B
Continental OLI
173
Southern Pacific
81
Copperwald Steel
181
Southern Rly $5 pfd.
181*
NEW YORK · COTTON
U.S. DOLLARS
for
of Spot
Cash.
There were sellers at 1/2.31/32 Oct. (New contract) up to November, buyers at 1/3 for any delivery.
Business was done during the May
course of the morning at 22.1/16 | July
neur ond Second hald
September. The market closed Total sales Friday: 43,000 bales. with sellers at 231/18 near and NEW YORK RUBBER September, buyers at 221/8 for
SHANGHAI DOLLARS Opened with sellers' at 401. March Business wa done later at 403. May
Towards the close 404 was done July
also 403.1/2. The
and
market CHICAGO WHEAT closed with sellers at 403 buyers; at 404.
AFTERNOON MARKET Erratic. Opened with sellers of Sterling at 5.11/16 and closed with sellers at 3.45/64, US. Dal-September
lars opened with sellers at 5.7/16 December
and closed with sellers at 5.13/32 WINNIPEG WHEAT for Spot.
Close
9.36/37
Opening
9,23/24
December
January
March
}
9.31/31
9.27/26.....
9.20 N
9.11 N
9.14/14 9.12/12
Closing 9.30/30 8.27/37 9.17n
Change
Curtiss Wright (C)
"
Spicer Manufacturing Co.
277
Curtiss Wright "A"
.06 of
Deere & Co...
251 15
Standard Branda
01
Stand Gas & Elec.
1}
,04 off
Distillers Corpn. Seagrams
161
Standard Oil of California
181
.03 of
Douglas Aircraft ..........
71
| Standard On of N.J.
331
9.13/13-
.02
up
Du Pont de Nemours .......
184
Stone, & Webster
71*
8.92 N
8.95b/97a
8.941
.02
up
Eagle Picher Lead...
72*
Studebaker Com,
71
8.71/71
8.78/78
9.98 N
8.77/77 9.87n
.06
up
Eaton Mfg. Co.
31
མཔཿ ན་ན
Swift International
171
.11 of
Elec, Autolite
344
Technicolor
Elec. Bond & Share
3*
Texas Corph. ....
381
Elec, Bond & Share $5 pt.
63*
Texes Gulf Sulphur
31
Elec. Bond & Share $6 pl.
71*
Timken-Axle
231*
September
December
January
19.32/33
Elec. Fower & Light $7 p.
33j*
Trans-America Co.
47
18.99/99
Flintkote
134*
18.92 N
CLOSED
20th Cent, Fox.
57
-Gen. “American "Trans.
474*
18.79" N
Union Bag & Paper Corp.
123
Gen, Electric
341
18.59. N
Union Carbide & Carbon
694
Gen. Motors
4a1
Union Pacific
841*
unquoted
Gen. Railway Signal
111
United Aircraft
37
Gen. Tire & Rubber
11.
United Airlines Trans
181
September December
74/741
747/75
734/731. 737/74 742/742 747/75
1 "off
Glidden Co.
127
United Corps,
17
unch.
Goodrich (B.F)
110*
United Corpn. 36 cum pt. 36%
Goodrich $5 DĚ
491*
Friday's sales:-6,991,999 bushelss, CHICAGO CORN
United Gas Corpn.
***
"Goodyear Tire & Co.
151
United Gas Improvement
12
Great Northern Iron Ore
147...
U.S.. Industrual Alcohol ...
181
611/611 31/607 561/581 56/551
61/81 561/50
off
Great Northern Rly, pfd.
24
US. Rubber
19
1 of
Great Western Sugar.....
201
US. Rubber $8 ptd..
83*
Greyhound Corpn.
12
U.6. Steel
531
SAFE DEPOSIT BOXES
Hercules Powder Co.
32'
October..... December
Vanadium
31
7303
73 a
741a
73 a 7410
unch.
International Harvester: ***
40+
Amary Batavia Bambay
Ka-vidos
London
Manila
Oslomita
Haiphong Hankow Honninin
Labe
Baigon
OORTES
Parts
Vultee Aircraft
71*
Beaning Shanghai
unch.
Ind Nickel
24
Shanghai Exchange
Walworth Co.
4
11
NEW YORK HIDES
Inter. Paper & Power
152
Warner Bros. Pict
24
Shanghal Aug. 10 (Reuter)..
Onelal TT. Rates
September
Int. Tel & Tel.
21*
8.83 N
CLOSED
Westinghouse Elec,
1012
December
9.01/01
Kennecott Copper
261
Woodward Iron Cor.
New York Official
34-3/4
Lakey Foundry & Mac. D
·34*
Opening
London
0/3-5/8
NY-London Cross Rate 3:38 (offered)..
unquoted
3.97-1/2
Libbey-Owens-Ford Glass 394
Chase National Bank National City Bank
231*
New York
Japan
5-3/8
22-3/4
-bid.
ex. div.
Päris
Hongkong
20N 24
DOW JONES AVERAGE
High Low Dow Jones Averages, Aug. 9,
Aug. 11. 1940. High Low Close
1939/40
Change
156,93 111.84 30 Industrial
126.40
·197.35 120.97: 128.99-
.19 up
35.90 22.16 20 Rails
26.75
26.88 96.81 26.66
.11 ap
87.70 18.03 20 Utilities
255
29 61 42.56 $260
93.33 83.06*40 Bands
88.11
88,13
.05 up 01 up
88.67-45.69 11 Commodity Index 50.49
Business Done-180,000 shares
SAVINGS ACCOUNTS miss opened in Local Currency and Sterling with on application.
"
CURRENT ACCOUNTS opened in interest allowed at rates cutainable. LOCAL CURRENCY and FixED DET received for one year or shorter perioda." in Local and other Our terms which will be
rencies an
quoted on application.
Atso up to date SAT DEPOSIT Boxes in various sizes To Lar Hong Kong, 28th February, 1940.
HONGKONG SAVINGS
BANK"
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAI
HEAD OFFICE:
18, PINE STEKET,
"NEW YORK An American Bank offering com plete, Foreign Banking Service in the principal Markets of th world.
Interest Rates on Application.
This Bank is entirely owned by
TER OHA NATIONAL BANK NEW YORK, with Resouros (of ovul} U.8.$2,900,000,000.
"D. H. BIGGAR,
Second Tips Pre
A job?
WANT ADS
INDO-CHINA
The Hank's Head Office in London undertakes Executor and Trustse business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches.
R A. CAMIDGE,
Manager,
BANK OF EAST ASIA, LIMITED
Authorised Capital. Paid-Up Capital Reserve and Undivided
Profits
.$10,000,000.00 3,598,600.07
.....2,3,261.50
Head Offee:---HONG KONG No. 10 Des Voeux Road, Contral Board of Directors:
SIB SHOUBON CHow, Chairman Li Koon Chun, Zej Li Lan Bang, Esq. ".. P. K. Kwok, Bag. Wong Chu Sos, Esq. Wong Yan Tong, Esq. Kan Ting Fa, Kag. Chan Ching Shot, Esq. Fang Ping Wah kaq KAN TONG Po, Esq., Chief Manager Li Tea Fono, Esq., Manager
Branches and Agencies:-
Penang ¿lagspor Bangoon Bourabaya
Kalbosran - San Fran- ́Bydney 2.
alico Flints
New York Beattie,
Peipiag
Every description of Banking and Exchange business transacted, Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita, re- ceived for one year
or thorter
periods in Local and Foreign Car rencies On terms which will be quoted on application.
BATE DEPOSIT BOXES, TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE BANK PAID-UP CAPITAL $40,000,000.00
STEAM NAVIGATION COMPANY LTD BRANCHES ALL OVER OBLA)
Operating Bervices for Cargo and Passengers.
Chin. Imperial Rly, 5%
Sterling
Bellers
Opening Closing 0/3-11/16 0/3-45/64 0/3-11/16 0/3-45/64 0/3-21/32 0/3-11/16 ..
Spot
Aug.
Sept
V.B. Dollars
Spot
$5-13/33 $5-13/32-
Aug.
Sept.
5-13/32 5-11/32
5-13/32 5-11/32
Market Uncertain.
Calcons Exchange
Calcutta, Aug. 10 (Reutery. TT on Japan. 82-1/8...
SILVER MARKET
BOMBAY SILVER -
Bombay, Aug" 10 (Reuter). Market-Quiet. Oftake 25 bars.
Indun Mint Silver
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Angusį 9. Tientsin Pukow. Rly. 5% The following quotations are the (Brit. Stpd. Supl, Loan) 8 middle, prices at the close of the Tientsin-Pukow Riy, 5% market in London. All quotations. (Ger. Stpd.: Supl. Loan) 8 are abject to confirmation and no Jap, 6% Ster. Loan, 1924 241 responsibility is assumed for errors Ger. 7% Intl, Loan, 1924 43 in transmission.
..
Var Loan, 31% (Red
after 1952) 99-9/16 Canton-Kloon Rly, 5% 6 Chinese 41% Gold Loan.
1898 (Brit. Issue) Chintse 5% Gold Bonds,
1925-47******
Uhin. 41% Anglo-French
Loan, 1908 all
Chinese 5% Crisp. Loan;
1912
Chinese 6% Reorg. Loan
1913 (LAD. 15.) Chinese 8% Ster. Notes:
1925 (Vickers)
Uhartered Bank
Dunlop Rubber
$
HK. & 8'hat Bank Ldn.
Heg).
HK & Shal Bank (Ool...
Rex)
07
Chinese "Eng. & Mining
30
(bearer) *****
18
Chosen Corporation......
4.
Pekin Syndieste
B'hai Elec. Constr. Co.
15
S'hat Waterworks "A" 131. Union Insurance"................. Gula Kalumpong Rubber 13/9 B-A, Tob; (bearer) Mercantile Bank
TO
SWATOW, SHANGHAI, TSINGTAU, CHEFOO
72/6
111
27
Bristol Aeroplane
9/6
63-05
Imperial Chemical Ind. 24/9" United Steel......
17.
63-04
Honan Rly, 5%,
Woolworths.
54
63-04
Hakuang Rly 6%, 1911...
CL.P. N/Y Issue) Hukuang Rly, 5%, 1911
(German Issue)
Lung Teing
Sept. 25 Gtlement
LONDON METALS
EXCHANGE
(Reu
Landon Aug. 9
Standard Cash, Middle 2.285-1/8. Standard," 3 montha, Middie: Price £265-3/8
Price
Rly 5% 1913. S'hal-N'King R17. 5% Tientsin Pukow Rly. 5%
BritStpd.). Mentsin-Pukow Rly 5% (German @pd.) munive
bearery Nat Defence Bands, 3% 1001 London-Midlands-Scot-
tish 3%
Great Western · Rall- Nat. Bank of India 3%
Way 3%
11
264
Marsman Investments... 7/6
12
Western Holdings
7/6
Sub-Nigel
160
Shell Trans & Trad
Ha
For furt
32/6
ples
Ready.
Aug. 28 Bettlement
and TIENTSIN
KOBE and OSAKA
SINGAPORE PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All staamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengers and cargo are landed.
KOMILLGENERAL
Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office SHANGHAI Hong Kong Branch:
QUEEN'S ROAD, 0. South China Opleen
CANTON
KONGMOON
SWATOWTOISHANE
SHIUCHOW
KINGOHOW
We also handle the issue of Bonds and other Pablo Funds of the Chinees Government both at Home and Abroad
BROU JCHEN,
anan